The following is a summary of the Patterson Companies, Inc. (PDCO) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Patterson reported Q4 revenue of $1.72 billion, with annual revenue of $6.6 billion.

• Adjusted EPS for Q4 was $0.82 and for the year was $2.30.

• Gross margin for Q4 declined primarily due to revenue and profit shortfall in the dental segment related to the Change Healthcare cybersecurity attack.

Business Progress:

• Significant investments in software and value-added services, notably in dental and animal health segments.

• Launch of Patterson CarePay+ and collaboration with AI technology provider Pearl.

• Animal Health continued to see strong performance, particularly in production animal business.

• New strategic partnerships and customer engagement platforms introduced like LEED in the Animal Health segment.

Opportunities:

• Continued focus on expanding investment and strategic growth opportunities in software and value-added services.

• Acquisitions of DairyTech and RSVP and ACT provide a roadmap for value-enhancing M&A pursuits.

• Expansion in production animal business and advancements in technology platforms like Turnkey and integration of pathology detection AI tool.

Risks:

• Cybersecurity attack on Change Healthcare impacted Q4 EPS by $0.04 per share, affecting dental equipment sales and operations.

• Economic challenges impact dental equipment spending and software innovation cycles, potentially affecting near-term growth.

More details: Patterson IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.